Common use of Batched Payments Clause in Contracts

Batched Payments. Buyer may choose to group all invoices that have not been discounted and that have Net Dates ranging from: (i) the sixteenth day of the first month of a calendar quarter to the fifteenth day of the second month of that calendar quarter and initiate payment for such invoices on the third day of the second month of that calendar quarter or if that day is not a business day, then on the next business day; (ii) the sixteenth day of the second month of a calendar quarter to the third day of the third month of that calendar quarter and initiate payment for such invoices on the third day of the third month of that calendar quarter or if that day is not a business day, then on the next business day; and (iii) the fourth day of the third month of a calendar quarter to the fifteenth day of the first month of the next calendar quarter and initiate payment for such invoices on the third day of the first month of that next calendar quarter or if that day is not a business day, then on the next business day with each such monthly payment date referred to as the (“Monthly Batch Payment Date”) with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates. Alternatively, Buyer may choose to group all invoices that have not been discounted and that have Net Dates ranging from the fourth day of the second month of a calendar quarter to the third day of the second month of the following calendar quarter and initiate payment for such invoices on the third day of the first month of that following calendar quarter or if that day is not a business day, then on the next business day (each such payment date being referred to as the “Quarterly Batch Payment Date”) with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates.

Batched Payments. Buyer may choose to group all invoices that have not been discounted and that have Net Dates ranging from: (i) from the sixteenth day of the first one month of a calendar quarter to the fifteenth day of the second month of that calendar quarter next month, and initiate payment for all such invoices on the third day of the second month of that calendar quarter or if that day is not a business day, then on the next business day; (ii) the sixteenth day of the second month of a calendar quarter to the third day of the third month of that calendar quarter and initiate payment for such invoices on the third day of the third month of that calendar quarter or if that day is not a business day, then on the next business day; and (iii) the fourth day of the third month of a calendar quarter to the fifteenth day of the first month of the next calendar quarter and initiate payment for such invoices on the third day of the first month of that next calendar quarter or if that day is not a business day, then on the next business day with (each such monthly payment date being referred to as the (“Monthly Batch Payment Date”) ), with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates. Alternatively, Buyer may choose to group and pay on a quarterly basis all invoices that have not been discounted and that have as follows: (i) invoices with Net Dates ranging from the fourth sixteenth day of the second month of a calendar quarter February to the third fifteenth day of the second month of the following calendar quarter May shall be grouped and Buyer shall initiate payment for such invoices on the third day of April or if that day is not a business day, then on the first month next business day; (ii) invoices with Net Dates ranging from the sixteenth day of May to the fifteenth day of August shall be grouped and Buyer shall initiate payment on the third day of July or if that following calendar quarter day is not a business day, then on the next business day; (iii) invoices with Net Dates ranging from the sixteenth day of August to the fifteenth day of November shall be grouped and Buyer shall initiate payment on the third day of October or if that day is not a business day, then on the next business day; and (iv) invoices with Net Dates ranging from the sixteenth day of November to the fifteenth day of February shall be grouped and Buyer shall initiate payment on the third day of January or if that day is not a business day, then on the next business day (each such payment date being referred to as the “Quarterly Batch Payment Date”) ), with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates.

Batched Payments. Buyer may choose to group all invoices that have not been discounted and that have Net Dates ranging from: from the (i) the sixteenth day of the first month of a calendar quarter to the fifteenth day of the second month of that calendar quarter and initiate payment for such invoices on the third day of the second month of that calendar quarter or if that day is not a business day, then on the next business day; (ii) the sixteenth day of the second month of a calendar quarter to the third day of the third month of that calendar quarter and initiate payment for such invoices on the third day of the third month of that calendar quarter or if that day is not a business day, then on the next business day; and (iii) the fourth day of the third month of a calendar quarter to the fifteenth day of the first month of the next calendar quarter and initiate payment for such invoices on the third day of the first month of that next calendar quarter or if that day is not a business day, then on the next business day day, with each such monthly payment date referred to as the (“Monthly Batch Payment Date”) with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates. Alternatively, Buyer may choose to group all invoices that have not been discounted and that have Net Dates ranging from the fourth day of the second month of a calendar quarter to the third day of the second month of the following calendar quarter and initiate payment for such invoices on the third day of the first month of that following calendar quarter or if that day is not a business day, then on the next business day (each such payment date being referred to as the “Quarterly Batch Payment Date”) with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates.. (b)

Batched Payments. Buyer Unless prohibited by law, GE or the applicable GE Affiliate may choose to group all invoices that have not been discounted and that have Net Dates ranging from: (i) from the sixteenth day of the first one month of a calendar quarter to the fifteenth day of the second month of that calendar quarter next month, and initiate payment for all such invoices on the third day of the second month or if that day is not a business day, then on the next business day (the “Monthly Batch Payment Date”), with the result that some invoices will be paid earlier than their Net Dates and some invoices will be paid later than their Net Dates. Alternatively, unless prohibited by law, GE or the applicable GE Affiliate may choose to group and pay on a quarterly basis all invoices that have not been discounted as follows: (i) invoices with Net Dates ranging from the sixteenth day of that calendar quarter February to the fifteenth day of May will be grouped and GE or the applicable GE Affiliate will initiate payment on the third day of April or if that day is not a business day, then on the next business day; (ii) invoices with Net Dates ranging from the sixteenth day of the second month of a calendar quarter May to the third fifteenth day of the third month of that calendar quarter August will be grouped and Buyer will initiate payment for such invoices on the third day of July or if that day is not a business day, then on the next business day; (iii) invoices with Net Dates ranging from the sixteenth day of August to the fifteenth day of November will be grouped and GE or the applicable GE Affiliate will initiate payment on the third month day of that calendar quarter October or if that day is not a business day, then on the next business day; and (iiiiv) invoices with Net Dates ranging from the fourth sixteenth day of the third month of a calendar quarter November to the fifteenth day of February will be grouped and GE or the first month of the next calendar quarter and applicable GE Affiliate will initiate payment for such invoices on the third day of the first month of that next calendar quarter or if that day is not a business day, then on the next business day with each such monthly payment date referred to as the (“Monthly Batch Payment Date”) with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates. Alternatively, Buyer may choose to group all invoices that have not been discounted and that have Net Dates ranging from the fourth day of the second month of a calendar quarter to the third day of the second month of the following calendar quarter and initiate payment for such invoices on the third day of the first month of that following calendar quarter January or if that day is not a business day, then on the next business day (each such payment date being referred to as the “Quarterly Batch Payment Date”) ), with the result that some invoices shall will be paid earlier than their Net Dates and some invoices shall will be paid later than their Net Dates.

Batched Payments. Buyer may choose to group all invoices that have not been discounted and that have Net Dates ranging from: (i) the sixteenth day of the first month of a calendar quarter to the fifteenth day of the second month of that calendar quarter and initiate payment for such invoices on the third day of the second month of that calendar quarter or if that day is not a business day, then on the next business day; (ii) the sixteenth day of the second month of a calendar quarter to the third day of the third month of that calendar quarter and initiate payment for such invoices on the third day of the third month of that calendar quarter or if that day is not a business day, then on the next business day; and (iii) the fourth day of the third month of a calendar quarter to the fifteenth day of the first month of the next calendar quarter and initiate payment for such invoices on the third day of the first month of that next calendar quarter or if that day is not a business day, then on the next business day (with each such monthly payment date referred to as the (“Monthly Batch Payment Date”) with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates. Alternatively, Buyer may choose to group all invoices that have not been discounted and that have Net Dates ranging from the fourth day of the second month of a calendar quarter to the third day of the second month of the following calendar quarter and initiate payment for such invoices on the third day of the first month of that following calendar quarter or if that day is not a business day, then on the next business day (each such payment date being referred to as the “Quarterly Batch Payment Date”) with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates.

Batched Payments. Buyer may choose to group all invoices that have not been discounted and that have Net Dates ranging from: (i) from the sixteenth day of the first one month of a calendar quarter to the fifteenth day of the second month of that calendar quarter next month, and initiate payment for all such invoices on the third day of the second month of that calendar quarter or if that day is not a business day, then on the next business day; (ii) the sixteenth day of the second month of a calendar quarter to the third day of the third month of that calendar quarter and initiate payment for such invoices on the third day of the third month of that calendar quarter or if that day is not a business day, then on the next business day; and (iii) the fourth day of the third month of a calendar quarter to the fifteenth day of the first month of the next calendar quarter and initiate payment for such invoices on the third day of the first month of that next calendar quarter or if that day is not a business day, then on the next business day with (each such monthly payment date being referred to as the (“Monthly Batch Payment Date”) ), with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates. Alternatively, Buyer may choose to group and pay on a quarterly basis all invoices that have not been discounted and that have as follows: (i) invoices with Net Dates ranging from the fourth sixteenth day of the second month of a calendar quarter February to the third fifteenth day of the second month of the following calendar quarter May shall be grouped and Buyer shall initiate payment for such invoices on the third day of the first month of that following calendar quarter April or if that day is not a business day, then on the next business day; (ii) invoices with Net Dates ranging from the sixteenth day (each such payment date being referred of May to as the “Quarterly Batch Payment Date”) with the result that some invoices fifteenth day of August shall be paid earlier than their grouped and Buyer shall initiate payment on the third day of July or if that day is not a business day, then on the next business day; (iii) invoices with Net Dates and some invoices ranging from the sixteenth day of August to the fifteenth day of November shall be paid later than their Net Dates.grouped and Buyer shall initiate payment on the third day of October or if that day is not a business day, then on the next business day; and

Batched Payments. Buyer may choose to group all invoices that have not been discounted and that have Net Dates ranging from: (i) the sixteenth day of the first month of a calendar quarter to the fifteenth day of the second month of that calendar quarter and initiate payment for such invoices on the third day of the second month of that calendar quarter or if that day is not a business day, then on the next business day; (ii) the sixteenth day of the second month of a calendar quarter to the third day of the third month of that calendar quarter and initiate payment for such invoices on the third day of the third month of that calendar quarter or if that day is not a business day, then on the next business day; and (iii) the fourth day of the third month of a calendar quarter to the fifteenth day of the first month of the next calendar quarter and initiate payment for such invoices on the third day of the first month of that next calendar quarter or if that day is not a business day, then on the next business day with each such monthly payment date referred to as the (“Monthly Batch Payment Date”) ” with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates. Alternatively, Buyer may choose to group all invoices that have not been discounted and that have Net Dates ranging from the fourth day of the second month of a calendar quarter to the third day of the second month of the following calendar quarter and initiate payment for such invoices on the third day of the first month of that following calendar quarter or if that day is not a business day, then on the next business day (each such payment date being referred to as the “Quarterly Batch Payment Date”) with the result that some invoices shall be paid earlier than their Net Dates and some invoices shall be paid later than their Net Dates.